by countyproperties | Jan 15, 2009 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
The Federal Reserve’s announcement that it’s purchasing up to $500 billion of securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae, has contributed to a reduction in mortgage rates to record lows. However, some mortgage experts warn that the low...
by countyproperties | Jan 15, 2009 | Current Affairs, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Fannie Mae last week announced it would extend the suspension of foreclosure sales and evictions from single-family properties through Jan. 31, 2009, enabling the company to work with mortgage servicers to further implement the Streamlined Modification Program (SMP)...
by countyproperties | Jan 9, 2009 | Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Mortgage rates dip to new all-time lowFreddie Mac reported that average rates on 30-year, fixed-rate mortgages dropped to 5.01 percent for the week ending Jan. 8, setting a new record low and the tenth consecutive weekly decline. Best bet for a home loan now Stricter...
by countyproperties | Jan 3, 2009 | Current Affairs, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Here comes 2009As 2008 comes to a close, many housing analysts are reflecting upon the year and forecasting what home buyers, sellers, and homeowners can expect for this year. MAKING SENSE OF THE STORY FOR CONSUMERS “¢ According to Ken Rosen, chairman of...
by countyproperties | Jan 3, 2009 | Current Affairs, Finance, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news
Mortgage rates continued tumbling, as Freddie Mac reported today that interest on 30-year loans averaged 5.14 percent this week, the lowest point since it began tracking in 1971. That was down from 5.19 percent last week, itself a new low point. A year ago, rates...
